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Economy

Deloitte sees digital value in major banks

Major lenders have the brand and reputation strength to weather digital disruptors.

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Low growth in bank fees

The proportion of household spending on bank fees is at its lowest level since 1999.

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Online mortgages drive Firstmac RMBS demand

Strong investor interest in Firstmac’s online lender has driven demand for the non-bank’s latest RMBS transaction.

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ASIC ‘complacent’ on major bank sub-brands

The Customer Owned Banking Association has called for a crackdown on misleading and confusing banking information given to consumers.

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Coles mortgage play pivots on trust

A top executive has emphasised the importance of trust amid news Coles could venture into residential mortgages.

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Verification app wins industry approval

A former mortgage manager’s verification tool has piqued the interest of broker groups and lenders.

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Know who you’re dealing with: ACCC

Almost $90 million was reported lost to scams last year, as the ACCC raises awareness during National Consumer Fraud Week.

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MFAA must reinvent itself

A former president of the MFAA believes the association needs to reinvent itself and question its relevance.

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RESIMAC reacts to ECB securitisation measures

Non-bank lender RESIMAC has reacted to the European Central Bank’s relaxed restrictions on securitisation.

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FBAA hits out at cheaper mortgage claims

The Finance Brokers Association of Australia (FBAA) is alarmed by reports the European Central Bank's rate cuts will mean cheaper mortgages for Australian borrowers.

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